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UC13.L vs. SPXP.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UC13.L vs. SPXP.L

Last updated Apr 3, 2026

Compare and contrast key facts about UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and Invesco S&P 500 UCITS ETF (SPXP.L).

UC13.L and SPXP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC13.L is a passively managed fund by UBS that tracks the performance of the S&P 500 Index. It was launched on Aug 5, 2025. SPXP.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on May 20, 2010. Both UC13.L and SPXP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UC13.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

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UC13.L vs. SPXP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		-2.74%9.50%27.24%19.65%-8.96%30.93%13.50%26.37%-0.07%10.75%
SPXP.L
Invesco S&P 500 UCITS ETF		-2.77%9.53%27.58%20.06%-8.79%31.26%13.90%26.76%0.26%10.77%

Returns By Period

The year-to-date returns for both stocks are quite close, with UC13.L having a -2.74% return and SPXP.L slightly lower at -2.77%. Both investments have delivered pretty close results over the past 10 years, with UC13.L having a 14.67% annualized return and SPXP.L not far ahead at 15.05%.

UC13.L

1D
0.40%
1M
-2.30%
YTD
-2.74%
6M
-0.09%
1Y
15.12%
3Y*
15.74%
5Y*
12.69%
10Y*
14.67%

SPXP.L

1D
0.30%
1M
-2.31%
YTD
-2.77%
6M
-0.08%
1Y
15.19%
3Y*
15.92%
5Y*
12.93%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS Core S&P 500 UCITS ETF USD dis

Invesco S&P 500 UCITS ETF

Often compared with UC13.L:
UC13.L vs. VUSA.LUC13.L vs. VOOUC13.L vs. SPYUC13.L vs. CSPX.LUC13.L vs. I500.LUC13.L vs. IISU.LUC13.L vs. VUAA.L
Often compared with SPXP.L:
SPXP.L vs. VUAG.LSPXP.L vs. CSPX.LSPXP.L vs. VOOSPXP.L vs. SPXSSPXP.L vs. SPX5.LSPXP.L vs. SPXD.LSPXP.L vs. CNX1.L

UC13.L vs. SPXP.L - Expense Ratio Comparison

UC13.L has a 0.03% expense ratio, which is lower than SPXP.L's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SPXP.L
Invesco S&P 500 UCITS ETF
UC13.L
UBS Core S&P 500 UCITS ETF USD dis

Return for Risk

UC13.L vs. SPXP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC13.L
UC13.L Risk / Return Rank: 6363
Overall Rank
UC13.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
UC13.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
UC13.L Omega Ratio Rank: 5151
Omega Ratio Rank
UC13.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
UC13.L Martin Ratio Rank: 7979
Martin Ratio Rank
SPXP.L
SPXP.L Risk / Return Rank: 6565
Overall Rank
SPXP.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SPXP.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPXP.L Omega Ratio Rank: 5151
Omega Ratio Rank
SPXP.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
SPXP.L Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UC13.L vs. SPXP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and Invesco S&P 500 UCITS ETF (SPXP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

UC13.LSPXP.LDifference

Sharpe ratio

Return per unit of total volatility

0.98

1.00

-0.02

Sortino ratio

Return per unit of downside risk

1.42

1.44

-0.02

Omega ratio

Gain probability vs. loss probability

1.21

1.21

0.00

Calmar ratio

Return relative to maximum drawdown

2.90

2.96

-0.06

Martin ratio

Return relative to average drawdown

10.25

10.66

-0.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC13.L vs. SPXP.L - Sharpe Ratio Comparison

The current UC13.L Sharpe Ratio is 0.98, which is comparable to the SPXP.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of UC13.L and SPXP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UC13.LSPXP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

1.00

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.90

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

1.02

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.07

-0.15

Correlation

The correlation between UC13.L and SPXP.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UC13.L vs. SPXP.L - Dividend Comparison

UC13.L's dividend yield for the trailing twelve months is around 1.08%, while SPXP.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		1.08%0.96%0.99%1.16%1.22%0.94%1.36%1.44%1.55%1.51%1.55%1.52%
SPXP.L
Invesco S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

UC13.L vs. SPXP.L - Drawdown Comparison

The maximum UC13.L drawdown since its inception was -25.59%, roughly equal to the maximum SPXP.L drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for UC13.L and SPXP.L.

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Drawdown Indicators

UC13.LSPXP.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.59%

-25.46%

-0.13%

Max Drawdown (1Y)

Largest decline over 1 year

-7.28%

-7.09%

-0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-20.77%

-0.34%

Max Drawdown (10Y)

Largest decline over 10 years

-25.59%

-25.46%

-0.13%

Current Drawdown

Current decline from peak

-4.56%

-4.42%

-0.14%

Average Drawdown

Average peak-to-trough decline

-3.36%

-3.54%

+0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.97%

+0.09%

Volatility

UC13.L vs. SPXP.L - Volatility Comparison

UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and Invesco S&P 500 UCITS ETF (SPXP.L) have volatilities of 3.60% and 3.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC13.LSPXP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

3.70%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

8.33%

8.30%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.30%

15.14%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.52%

14.29%

+0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.74%

16.34%

-0.60%